857 Gloucester RdSaludaVA23149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Saluda at 857 Gloucester Rd, Saluda, VA, 23149 priced at $310,000 pairs $2,162/mo rent with $309/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,162/mo, and annual cash flow comes to $3,710/yr on $102,765 invested. Return on cash invested is 23.52% in year one, and rental yield stands at 8.37% on a $310,000 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,647 by year five. Five-year ROI measures 121.96% and total cumulative return in cash reaches $125,335. For financing, Ziffy Mortgage’s DSCR program evaluates $2,162/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1915
1.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23149, Saluda, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,467 (100%) |
| Owner Occupied HU | 1,004 (68.4%) |
| Renter Occupied HU | 181 (12.3%) |
| Vacant Housing Units | 282 (19.2%) |
| Median Home Value | $319,178 |
| Average Home Value | $514,422 |
Housing Distribution
Address Breakdown
Residential
1,006
Single Family
1,006
Multi-Family
0
Businesses
149
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